Research on Economic Growth and Inequality

Dear Colleagues,

In the contemporary public and academic debate, as well as in the relevant literature, one of the dominant views is that high rates of economic growth are a sufficient condition for dealing with—or at least significantly limiting—the phenomena of income inequality and poverty. The main argument of this point of view is that the benefits of high rates of economic growth, sooner or later, spread across the entire spectrum of the population and therefore concern all income categories. Thus, the policies proposed as necessary to promote economic growth are considered to be, at the same time, the tools with which poverty can be tackled on the one hand and large income inequalities can be reduced on the other. At the same time, the redistributive intervention of the state, mainly through social protection policies, is viewed negatively and discouraged, with the argument that this can only bring short-term benefits in achieving greater equality (and justice). At the same time, reality refutes the prevailing views. Questions about the effectiveness of both the theoretical approaches and the policies applied to deal with inequality (income, opportunities, infrastructure, access to information, etc.) are also recorded in academic dialogue. It is a matter of concern for both the scientific community and civil society that the prevailing policies not only did not limit inequalities, but rather mitigated them. It is observed that the limitation of the state in sectors of welfare, health, education, etc. create greater inequality, but also the limitation of the state in strategic sectors of the national economy, such as energy, transport, etc., creates a reduction in state revenues, insecurity, and limiting public investment—which then activates private investment.

The purpose of the present study is the critical presentation and evaluation of the above considerations, utilizing the relevant theoretical literature and the available research findings of empirical studies. This will contribute to the reflection and effective design and evaluation of relevant state policies and interventions at the level of macroeconomics and social protection.

Dr. Dimitrios Petropoulos
Prof. Dr. Kostas Gouliamos
Dr. Pieris Chourides
Dr. Kyriazopoulos Georgios
Guest Editors

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• economic growth
• financial value
• financial performance
• corporate finance
• mergers and acquisitions
• non-banking financing
• financial inequality
• financial stability
• economic crisis
• competitiveness
• firm performance
• insolvency
• bankruptcy
• profitability and efficiency
• financial and operational risk
• behavioral finance
• managerial accounting
• decision making
• risk management
• stock market